Velarion Records

Short-term acute care hospital · Bangor, Maine · 99 beds · CMS certification number 200001

St. Joseph Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 22, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$228.3M
$228,325,398 · G-3 line 3
Operating expenses
$237.0M
$236,994,549 · G-3 line 4
Result from patient care
−$8.7M
−$8,669,151 · G-3 line 5
Margin on patient care
−3.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $38.6M in its first year on file (1996) to $228.3M in 2025.
  • Its result from patient care: −$4.7M (2023), −$5.8M (2024), −$8.7M (2025).
  • 4 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 20.7% of its inpatient days and Medicare for 24.9%.
  • COVENANT HEALTH holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

30 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1996
settled
$38.6M
$38.9M
1997
reopened
$44.0M
$42.4M
1998
reopened
$46.0M
$43.1M
1999
reopened
$46.4M
$44.5M
2000
reopened
$50.4M
$50.0M
2001
reopened
$54.2M
$54.7M
2002
reopened
$61.6M
$61.6M
2003
reopened
$67.1M
$68.7M
2004
settled
$73.1M
$74.4M
2005
reopened
$77.2M
$77.1M
2006
reopened
$85.3M
$84.0M
2007
reopened
$83.2M
$84.9M
2008
reopened
$87.7M
$90.7M
2009
reopened
$93.7M
$90.8M
2010
reopened
$91.5M
$88.2M
2011
reopened
$93.0M
$88.3M
2012
reopened
$96.9M
$96.0M
2013
reopened
$99.7M
$94.5M
2014
settled with audit
$109.0M
$101.7M
2015
settled
$120.1M
$121.7M
2016
settled
$133.8M
$131.8M
2017
reopened
$137.0M
$138.4M
2018
reopened
$136.3M
$152.6M
2019
settled
$150.5M
$153.5M
2020
settled
$137.3M
$151.3M
2021
reopened
$164.5M
$174.5M
2022
settled with audit
$176.8M
$193.0M
2023
as submitted
$193.4M
$198.0M
2024
as submitted
$214.5M
$220.3M
2025
as submitted
$228.3M
$237.0M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Maine first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
St. Joseph Hospital99$228,325,398$236,994,549−3.8%
Mainehealth Mid Coast Hospital, Brunswick93$294,130,060$292,227,5990.7%
Mainehealth Pen Bay Hospital, Rockport81$219,168,418$247,258,270−12.8%
Northern Light Mercy Hospital, Portland77$342,278,239$349,383,489−2.1%
St. Marys Regional Medical Center, Lewiston140$192,797,949$225,619,545−17.0%
York Hospital, York54$189,783,000$211,095,520−11.2%

Patients and payers

Discharges
4,864
S-3 line 14, col 15
Inpatient days
24,790
S-3 line 14, col 8
Beds in use, on an average day
68.1
days ÷ days in year
Occupancy
68.6%
days ÷ bed days
Medicare share of days
24.9%
S-3 cols 6 ÷ 8
Medicaid share of days
20.7%
S-3 cols 7 ÷ 8

Who owns it

  • COVENANT HEALTH100%
  • ST. JOSEPH HEALTHCARE FOUNDATION, INC100%

Related organizations on its own cost report: ALTRN HEALTH SV, home health; M&J COMPANY, real estate; AMBLTRY CARE IN, occ med phys s; ST JOSEPH FOUND (100%); COVENANT HEALT (100%).

Other hospitals with the same owner: St. Marys Regional Medical Center (ME), St. Joseph Hospital of Nashua NH (NH), Cumberland Medical Center (TN), Morristown-Hamblen Healthcare System (TN), Covenant Health Roane (TN), Methodist Medical Center (TN), Claiborne Medical Center (TN), Covenant Health Leconte (TN), Fort Loudoun Medical Center (TN).

Type of control on its cost report: voluntary nonprofit, church.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Maine

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 200001. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 22, 2026.